Trump Signs Executive Order Allowing U.S. Retirement Plans 401(k) to Invest in Crypto
A new Executive Order signed by President Trump authorizes American retirement plans to allocate funds into cryptocurrency. This move potentially opens the door for a portion of the $8 trillion held in U.S. retirement accounts to flow into crypto markets, through vehicles such as ETFs or services offered by American banks.
While the short-term impact is difficult to quantify, this decision creates yet another major entry point for traditional capital into crypto. It marks a gradual shift in the profile of investors entering the space — from speculative individuals to more institutional and conservative capital.
401(k) plans are estimated to hold roughly 10–15% of the total market capitalization of the S&P 500. A small piece of that is already a big thing for crypto.
Crypto continues to evolve into a mature asset class, gaining broader distribution and becoming increasingly mainstream.
Pendle Launches Boros: A New Way to Trade and Hedge Funding Rate Volatility
Even with nearly 200% profit from our Pendle purchases, we continue to believe in the project's thesis. We'll notify subscribers when we begin to sell. Check Portfolio & Data.
Congratulations to everyone who also bought when we notified our purchases in the reports on Patreon last year and during the tariff war.
Pendle has unveiled Boros, a new platform designed to help traders and investors speculate on or hedge against fluctuations in funding rates within the futures market.
Boros initially supports the BTCUSDT and ETHUSDT markets on Binance, with plans to expand to other assets and exchanges such as SOL, BNB, Hyperliquid, and Bybit.
At the core of Boros is the Yield Unit (YU), which represents the funding rate yield of 1 unit of collateralized crypto. For example, 1 YU-ETH reflects the funding yield for holding 1 ETH until maturity. This system operates similarly to Pendle’s well-known Yield Tokens (YTs).
With Boros, users can:
- Buy YUs if they expect funding rates to increase
- Sell YUs if they anticipate rates to decline
This allows for effective exposure to or protection against funding rate changes, by locking in the expected rate (paid or received).
Beyond direct trading, Boros Vaults allow users to provide liquidity and earn:
- Incentives in $PENDLE
- Swap fees
- Gains from favorable APR changes
The rollout of Boros will be gradual and risk-managed. Initial Open Interest (OI) is capped at $10 million per market, with leverage limited to 1.2x. These limits will be adjusted as the platform matures, alongside the activation of incentive programs over the next 8–12 weeks.
Despite being in its early phase, the ETH market is already gaining traction with 243 ETH in 24h volume and 1,106 ETH in OI — indicating strong demand for funding rate hedging. The BTC market, in contrast, remains less liquid, with 10.88 BTC in volume and 49 BTC in OI.
Key Takeaways
- Boros expands Pendle’s ecosystem beyond fixed yield tokenization, entering the multi-billion dollar market of funding rate derivatives.
- It introduces a new onchain hedge and speculation solution with capital efficiency and security, potentially serving funds, treasuries, and professional traders.
- Platforms like Ethena could incorporate Boros into their delta-neutral strategies.
- The launch underscores Pendle’s innovation and technical strength, pioneering yet again in the DeFi space.
- While Boros is still in its early days, we will be closely monitoring its development and adoption.
We will keep you guys updated.
By Mike
Wolfy Wealth - Crypto Insights
Disclosure: Authors may be crypto investors mentioned in this newsletter. Wolfy Wealth Crypto newsletter, does not represent an offer to trade securities or other financial instruments. Our analyses, information and investment strategies are for informational purposes only, in order to spread knowledge about the crypto market. Any investments in variable income may cause partial or total loss of the capital used. Therefore, the recipient of this newsletter should always develop their own analyses and investment strategies. In addition, any investment decisions should be based on the investor's risk profile.
